|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Period 18 July 2018 to 31 December 2019 |
|
for |
|
Valve-kits Group Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Period 18 July 2018 to 31 December 2019 |
|
for |
|
Valve-kits Group Limited |
Valve-kits Group Limited (Registered number: 11470145) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the period 18 July 2018 to 31 December 2019 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abridged Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Valve-kits Group Limited |
|
Company Information |
for the period 18 July 2018 to 31 December 2019 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Cawley House |
149-155 Canal Street |
Nottingham |
Nottinghamshire |
NG1 7HR |
Valve-kits Group Limited (Registered number: 11470145) |
|
Abridged Balance Sheet |
31 December 2019 |
|
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
CURRENT ASSETS |
Stocks |
|
Debtors |
|
Cash at bank and in hand |
|
|
CREDITORS |
Amounts falling due within one year |
|
NET CURRENT ASSETS |
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
PROVISIONS FOR LIABILITIES | 6 |
|
NET ASSETS |
|
|
CAPITAL AND RESERVES |
Called up share capital | 7 |
|
Retained earnings | 8 |
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of
the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company
as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
Valve-kits Group Limited (Registered number: 11470145) |
|
Notes to the Financial Statements |
for the period 18 July 2018 to 31 December 2019 |
|
1. | STATUTORY INFORMATION |
|
Valve-kits Group Limited is a
|
Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
|
Tangible fixed assets |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
|
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income |
Statement, except to the extent that it relates to items recognised in other comprehensive income |
or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the period end and |
that are expected to apply to the reversal of the timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
probable that they will be recovered against the reversal of deferred tax liabilities or other future |
taxable profits. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the period was
|
Valve-kits Group Limited (Registered number: 11470145) |
|
Notes to the Financial Statements - continued |
for the period 18 July 2018 to 31 December 2019 |
|
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
|
Disposals | ( |
) |
At 31 December 2019 |
|
DEPRECIATION |
Charge for period |
|
At 31 December 2019 |
|
NET BOOK VALUE |
At 31 December 2019 |
|
|
5. | LEASING AGREEMENTS |
|
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
|
|
6. | PROVISIONS FOR LIABILITIES |
£ |
Deferred tax | 17,099 |
|
Deferred |
tax |
£ |
Provided during period |
|
Balance at 31 December 2019 |
|
|
7. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
|
Ordinary | 1 | 100 |
|
8. | RESERVES |
Retained |
earnings |
£ |
|
Profit for the period |
|
Dividends | ( |
) |
At 31 December 2019 |
|
|
9. | PENSION COMMITMENTS |
|
The company operates a defined contribution scheme and contributions are charged in the profit |
and loss account as they accrue. The charge for the period was £11,352. At the balance sheet date |
amounts of £2,567 were due respect of employee and employer pension contributions. |
Valve-kits Group Limited (Registered number: 11470145) |
|
Notes to the Financial Statements - continued |
for the period 18 July 2018 to 31 December 2019 |
|
10. | RELATED PARTY DISCLOSURES |
|
During the period, total dividends of £16,000 were paid to the directors . |
|
11. | ULTIMATE CONTROLLING PARTY |
|
The controlling party is Mr & Mrs Mellins. |
|
The ultimate controlling party is
|